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Financial Post reported the greater the worry about the economy, the higher gold trades in relation to platinum.
Financial Post reported the greater the worry about the economy, the higher gold trades in relation to platinum.
As quoted in the market news:
Gold is a defensive asset and is considered more precious in times of economic stress. Platinum, meanwhile, is more closely tied with the economy because of its use in catalytic converters on cars and in industrial equipment. That is why the platinum-gold spread tends to reflect the level of economic fear in the U.S.